HKHC · Horizon Kinetics Holding Corp · Insider Trading

This Form 4 is filed jointly by Maran Partners Fund, LP ("MPF"), a Delaware limited partnership, Maran Partners GP, LLC ("MPGP"), a Delaware limited liability company, Maran Capital Management, LLC ("MCM"), a Delaware limited liability company, and Daniel J. Roller (collectively, the "Reporting Persons").

Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.

The number of securities beneficially owned following the reported transaction was previously overstated. This amendment corrects the ownership amount to reflect the accurate number of securities beneficially owned after the transaction.

Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.

This Form 4 is filed jointly by Maran Partners Fund, LP ("MPF"), a Delaware limited partnership, Maran Partners GP, LLC ("MPGP"), a Delaware limited liability company, Maran SPV, LP ("MSPV"), a Delaware limited partnership, Maran SPV GP, LLC ("MSPVGP"), a Colorado limited liability company, Maran Capital Management, LLC ("MCM"), a Delaware limited liability company, and Daniel J. Roller (collectively, the "Reporting Persons").

The shares were distributed to its Limited Partners as MSPV is winding down.

Securities owned directly by MSPV. The reported securities may be deemed to be indirectly beneficially owned by MSPVGP, as the general partner of the MSPV. The reported securities may also be deemed to be indirectly beneficially owned by MCM, as the investment manager of MSPV. The reported securities may also be deemed to be indirectly beneficially owned by Daniel J. Roller, as the sole managing member of MSPVGP and MCM. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

This Form 4 is filed jointly by Maran Partners Fund, LP ("MPF"), a Delaware limited partnership, Maran Partners GP, LLC ("MPGP"), a Delaware limited liability company, Maran SPV, LP ("MSPV"), a Delaware limited partnership, Maran SPV GP, LLC ("MSPVGP"), a Colorado limited liability company, Maran Capital Management, LLC ("MCM"), a Delaware limited liability company, and Daniel J. Roller (collectively, the "Reporting Persons").

In-kind contributions to MPF.

Securities owned directly by MPF. The reported securities may be deemed to be indirectly beneficially owned by MPGP, as the general partner of MPF. The reported securities may also be deemed to be indirectly beneficially owned by MCM, as the investment manager of MPF. The reported securities may also be deemed to be indirectly beneficially owned by Daniel J. Roller, as the sole managing member of MPGP and MCM. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.